Are you looking to make a real estate investment in Chicago? Then your search is over. Find all the information about buying Chicago investment properties here. With Chicago being one of the biggest cities in the United States, buying investment homes now may be the best choice.
However, even with low interest rates, you must remember not to impulsively buy the first property you see or the first property you scout. When looking into investment properties in Chicago, you’re going to have to consider a few things. This isn’t going to be an easy task. Hiring a real estate investment company to help you with your needs is a smart thing to do.
To keep your search a little short, this article will present a list of good neighborhoods for you to look into. Here is the list:
#1 Rogers Park
Although this may be an older type of neighborhood within Chicago, it is dominated by a lot of friendly people who reside in small family type of apartment buildings. They are very much affordable and safe to walk around the neighborhood.
This attracts a lot of people who would want to look into investment properties in Chicago. Its main feature is that it is a very accessible area as the commute is easy and it is located only 10 miles from downtown. Public transportation is readily available to be accessed by people through bus and rail lines.
#2 Logan Square
Much like Rogers Park, Logan Square is quite old as it is a century-old area and neighborhood in downtown Chicago. It maintained its classic look of streets covered with trees and their greystone buildings that complement the huge greenery of Palmer Square. Ever since this neighborhood has had decent appreciation over time. The downside to it is that it may have a bit of a high price in terms of rent.
If you want to buy a property that may have a bit of diversity in it, then the Pilsen neighborhood may just be for you. It is on the Lower West Side of Chicago and it features a variety of infrastructure ranging from condominiums, buildings of apartments, and single-family houses. This is more of a suburban feels to it, attracting mostly families, with parks and amenities having an average rate. With this, the Pilsen neighborhood offers to be the most profitable out of the three.